Nano Nuclear Energy (NASDAQ:NNE) Shares Down 5.4% – Should You Sell?

Shares of Nano Nuclear Energy Inc. (NASDAQ:NNE) were down 5.4% during trading on Thursday . The company traded as low as $19.11 and last traded at $19.25. Approximately 1,394,938 shares were traded during trading, a decline of 53% from the average daily volume of 2,976,798 shares. The stock had previously closed at $20.34.

Analyst Ratings Changes

A number of research firms have recently issued reports on NNE. HC Wainwright began coverage on shares of Nano Nuclear Energy in a research report on Wednesday. They set a “buy” rating and a $50.00 price target for the company. Benchmark reaffirmed a “buy” rating and set a $39.00 price objective on shares of Nano Nuclear Energy in a report on Monday, July 15th.

Nano Nuclear Energy Trading Down 1.5 %

The business has a 50-day moving average price of $15.13.

Nano Nuclear Energy (NASDAQ:NNE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.17) earnings per share (EPS) for the quarter.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Nano Nuclear Energy stock. Citizens Financial Group Inc. RI acquired a new stake in Nano Nuclear Energy Inc. (NASDAQ:NNE) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 86,000 shares of the company’s stock, valued at approximately $2,016,000. Citizens Financial Group Inc. RI owned 0.30% of Nano Nuclear Energy as of its most recent SEC filing.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.